Life Insurance

Life Insurance ensures financial protection to your family by providing a sum of money in your absence. It acts as a protective cover by providing a flexible money saving scheme that allows in collecting wealth for your better life. Insurance serves many plans for employees, which offer gratuity, pension liabilities and many more schemes. They also offer group of life insurance schemes which provide graded cover. Life Insurance is a form of investment that provides detailed scheme package for different stages. It also includes the payment of premiums, the premium you paid depends on an assortment of factors like age, health and amount of life cover.

Life Insurance can be divided in two insurance plans one is Traditional one and other is Unit Linked insurance plan . Traditional one make investments made by the policy holders and are not exposed to equities. As compared with Unit Linked plan, it allows investment to get equities. Insurance plans including pension plans provide the availability in tax deductions. The main motive for designing insurance plans is to provide a financial protection in times of uncertainties in your family . Life Insurance deals in offering unit plans these plans help you in saving rich benefits and save tax options. This plan further includes some more palms like Samirdhi plan, Jeevan Saathi plus, Pension plus and an Endowment plus.

Jeevan Saral is a special plan accessible by LIC in which Monthly Recurring Life Insurance Plan provided by LIC of India where the proposor acquires a higher life cover, a smooth return and lot of flexibility. This plan also offers you different options by payment of additional premium. On accidental death an amount equal to Accident Benefit Sum Assured will be allocated. This plan also provides you Auto Cover of 12 months after a policy has been in force for a period of three years or more.


Insurance plans provide a special provisions in case of suicide policy becomes null or destroys completely . The insurer can calculate the policy prices with the fund claim and make a profit. In a group gratuity scheme permitted by LIC in case of premature death of the policyholder the dependent can obtain an amount which is equal to the gratuity payable on retirement. LIC also offers withdrawn plans which include Jeevan Nischay, Market Plus 1, Wealth Plus, Jeevan Aastha, Fortune Plus and many more plans.

LIC also offers Child Career Plan is a special plan designed to focus on the educational studies and other needs of children . On the life of child it offers risk cover not only during the policy term but also the extended term. Child Career Plan offers different benefits such as the benefit on death in this benefit within the period from the date of commencement of risk to 5 years and before the end of the policy term, sum assured plus reversionary bonuses and some extra bonuses will be allocated. Sum assured along with final bonuses will be allocated if death occurs within 5 years before the end of a policy term.

AmittVerma:
I hope you got your valuable informationon LIC Policy. As per my experience in writing articles on Life insurance, i refer you to LIC Lic Policy plan. LIC India Zindegi ke Saath Bhi, Zindegi ke Baad Bhi.